Emera (TSE:EMA) Given a C$55.00 Price Target by Bank of America Analysts

Emera (TSE:EMA) received a C$55.00 price target from equities research analysts at Bank of America in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s target price points to a potential upside of 5.55% from the company’s previous close.

EMA has been the subject of a number of other reports. Scotiabank raised their target price on Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Royal Bank of Canada cut their target price on Emera from C$60.00 to C$57.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. JPMorgan Chase & Co. raised their target price on Emera from C$45.00 to C$46.00 in a research note on Thursday, July 25th. Raymond James increased their price target on Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, CIBC lowered their price target on Emera from C$51.00 to C$50.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emera has an average rating of “Hold” and an average target price of C$51.80.

Emera Price Performance

Shares of EMA stock traded up C$0.19 during trading hours on Friday, hitting C$52.11. 592,164 shares of the company’s stock were exchanged, compared to its average volume of 1,216,512. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. The firm has a market cap of C$15.03 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.77 and a beta of 0.34. The firm has a 50 day moving average of C$49.92 and a two-hundred day moving average of C$48.16. Emera has a fifty-two week low of C$43.67 and a fifty-two week high of C$53.68.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, August 9th. The company reported C$0.53 EPS for the quarter, missing the consensus estimate of C$0.56 by C($0.03). Emera had a net margin of 10.83% and a return on equity of 6.60%. The firm had revenue of C$1.62 billion during the quarter, compared to analyst estimates of C$1.67 billion. Sell-side analysts forecast that Emera will post 3.1512915 EPS for the current year.

About Emera

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.